Innovator Equity Dual Directional 5 Buffer ETF - Quarterly

Innovator Equity Dual Directional 5 Buffer ETF is an actively managed U.S. exchange-traded fund designed to provide defined-outcome exposure to the performance of the SPDR S&P 500 ETF Trust through a quarterly reset structure. The fund seeks to participate in gains up to a capped level when the reference asset rises, deliver positive returns when the reference asset declines within a specified inverse threshold, and limit losses beyond that threshold. Its strategy is implemented primarily with FLEX options tied to SPY, allowing the fund to offer a dual-directional profile with a 5% buffer and a quarterly outcome period. Innovator Equity Dual Directional 5 Buffer ETF is used by investors looking for a rules-based approach to equity market participation within a structured risk framework.